1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vitek1552 [10]
3 years ago
7

Assume that Jack and Hal and Sophia enter into an agreement for the sale of the restaurant. Hal and Sophia get a loan from the F

ourth National Bank to pay for it. When their first payment is due, however, they get a letter from Bank of North America stating that they bought the loan from Fourth National Bank. Which of the following is true?
A. Fourth National Bank made a delegation.
B. Bank of North America became an incidental third party beneficiary.
C. Fourth National Bank made an assignment.
D. Bank of North America became an intended third party beneficiary.
Business
1 answer:
QveST [7]3 years ago
6 0

Answer:

The best answer would be C. Fourth National Bank made an assignment.

Explanation:

The Fourth National Bank made an allocation of the loan as it was belonging to the Bank of North America stating that they got a loan.

You might be interested in
Wayne Corporation owns 40% of the stock of Robin Corporation and 90% of the stock of Bat Corporation. All of the corporations ar
Elden [556K]

Answer:

The correct answer is not listed in the options. However, the answer is $23,500. The explanation is given below.

Explanation:

It is important to understand the three levels of possible deductions as dividends are collected from US corporations.

  1. General rule: DRD is equal to 70% of dividend received
  2. If the company receiving the dividend owns more than 20% but less than 80% of the company paying the dividend, the DRD amounts to 80% of the dividend received.
  3. If the company receiving the dividend owns more than 80% of the company paying the dividend, the DRD equates to 100% of the dividend.

From our scenario, Wayne corporation holds the following percent holdings.

Robin Corporation = 40%

Bat Corporation = 90%

==> Using the Third Rule, Bat Corporation owns more than 80% which is 100%, therefore, we have:

$20,000 × 100% = $20,000

==> By using the second rule,

deductible amount = $5,000 × 80% = $4,000

==> By applying the general rule to Robin Corporation, we have

$5,000 × 70% = $3,500

Therefore, the total dividend deductible amount is $20,000 + $3,500 = $23,500

7 0
3 years ago
Ted is the owner and chief executive officer of a business. He recently began an advertising campaign to promote a new product t
Andreyy89

Answer:

The answer is "Option a"

Explanation:

In the given question only "option a" is correct, which can be described as follows:

  • He is the owner and managing director of an organization and recently he introduced media attention initiatives to encourage a specific app controlled by federal law.
  • Its law is rather ambiguous. He reviewed the relevant law before starting the initiative and met with his counsel in an attempt to comply with the rule. Even so, this state attorney general's office also filed a suit against him after misleading publicity.
  • He provides the best defense, which acted in good faith with proper research and in line with an unspecified rule.
8 0
3 years ago
Bigbucks Brokerage provided the taxpayer $2,400 in bicycle commuting reimbursement in 2020. How much of that reimbursement, if a
blsea [12.9K]

Answer:

Bigbucks Brokerage

The whole amount of $2,400 must be included in the taxpayer's income.

Explanation:

The Bicycle Commuting Reimbursement in 2020, given under a Bicycle Commuter Tax Benefit program, is taxable as income to the employee. According to the provisions of the Tax Cut and Jobs Act, the restriction placed on the Bicycle Commuter Tax Benefit will expire in 2026.  The bicycle commuting reimbursement is a benefit that can only be offered by employers and is regarded as a taxable benefit to the affected employee.

5 0
3 years ago
Sinking fund bonds: Multiple Choice Require equal payments of both principal and interest over the life of the bond issue. Requi
alexandr1967 [171]

Require the issuer to set aside assets to pay bonds at maturity.

Bonds that require the issuer to set aside a pool of assets used only to repay the bonds at maturity.

<h3>What is Sinking Fund Bond ?</h3>

A sinking fund is maintained by companies for bond issues, and is money set aside or saved to pay off a debt or bond.

  • Bonds issued with sinking funds are lower risk since they are backed by the collateral in the fund, and therefore carry lower yields.

  • example may be a company issuing $1 million of bonds that are to mature in 10 years. Given this, it creates a sinking fund and deposits $100,000 yearly to make sure that the bonds are all bought back by their maturity date

Learn more about Sinking Fund Bond here:

brainly.com/question/26678695

#SPJ4

8 0
2 years ago
A ____ is a source of revenue flowing into the firm.
diamong [38]
The answer is revenue stream.
3 0
3 years ago
Other questions:
  • During the current month, Sheffield Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,800 on
    14·1 answer
  • When a firm is experiencing economies of scale, long-run a. average total cost is minimized. b. average total cost is greater th
    15·1 answer
  • Which of the following is an explanation?
    15·1 answer
  • Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises
    14·1 answer
  • Career Situation: What Would You Do? For some years now, you’ve owned a small specialty bookshop in a college town. You sell som
    12·1 answer
  • Allocative efficiency is achieved when:____.a. there are no shortages or surpluses in the market. b. goods and services are fair
    13·1 answer
  • A market economy is regulated by the intercations between which two things​
    5·2 answers
  • Business partners Arnetta and Xavier are designing their new office space and furnishings. They want to communicate success and
    14·1 answer
  • ​Inflation, nominal interest​ rates, and real rates. From 1991 to​ 2000, the U.S. economy had an annual inflation rate of around
    9·1 answer
  • In a cohesive group, group members have a degree of dependence on the group. A. True B. False
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!